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Business Recorder
07-05-2025
- Business
- Business Recorder
4th ECO TPO forum meeting held
KARACHI: The 4th Economic Cooperation Organization, Trade Promotion Organization's forum was held at Trade Development Authority of Pakistan Head Office, Karachi, today 6th of May,2025. Iran, Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan & Türkiye heads of the of trade promotion organizations / nominees participated. The meeting was chaired by Faiz Ahmad Chadhar, Chief Executive, Trade Development Authority of Pakistan. The meeting started with welcome note by Zahid Abbasi from Economic Cooperation Organization Secretariat. Zahid Abbasi welcomed all the delegates and highlighted the business opportunities that exist in the countries. Faiz Ahmad highlighted the role of ECO. He highlighted that Trade and Commerce is one of the potent instruments for economic development and poverty alleviation. He highlighted the role of the bloc and felt happy that ECO is working on the formulation of ECO Vision 2026-2035. The ECO Member presented their country statement on the role and the future road map on the importance of TPO in promotion of trade of the region. ECO Trade and Development Bank role was also discussed and the need for stronger regional integration through ECO-TDB was emphasized. The ECO Trade Agreement was discussed it was decided the Trade Development Authority of Pakistan will make ECO Pavilion in its flagship event i.e. Food-AG which is scheduled to be held in October 2025. Copyright Business Recorder, 2025
Express Tribune
08-02-2025
- Business
- Express Tribune
Albaik to expand into Pakistan
Listen to article ISLAMABAD: Pakistan's Federal Minister for Commerce, Jam Kamal Khan, engaged in a series of high-profile meetings in Jeddah to enhance trade and investment partnerships between Pakistan and Saudi Arabia. The discussions, held during the first-ever "Made in Pakistan" exhibition, focused on business collaborations, investment opportunities, and Saudi brands entering the Pakistani market, said a press release issued here on Saturday. In a key meeting with prominent Saudi businessmen, Kamal Khan invited them to explore investment opportunities in Pakistan across energy, agriculture, IT, healthcare, infrastructure, and consumer goods. He highlighted Pakistan's 22% export growth to Saudi Arabia, reaching $700 million, and assured investors of a business-friendly environment with tax exemptions, investor protection laws, and access to a 240-million-strong consumer market. Saudi business leaders expressed keen interest in collaborating with Pakistani counterparts, particularly in construction materials, textiles, and food industries. Several proposals were discussed to enhance trade partnerships and industrial investment, with the commerce minister extending an invitation for them to visit Pakistan and participate in trade exhibitions like TEXPO, Food-AG, and the Healthcare & Mineral Show. The discussions also touched on Pakistan's recent ease-of-doing-business initiatives, including Pakistan Single Window (PSW) and the National Compliance Centre, aimed at streamlining trade regulations and enhancing export standards. A major highlight of the visit was the Kamal Khan's meeting with Albaik owner Rami Abu Ghazala. He was given a tour of Albaik's operations and met Pakistani employees working at the fast-food giant. Albaik confirmed its expansion into Pakistan, stating that the process is in its final stages following the signing of an MOU. The first Albaik branches in Pakistan are expected to open soon, creating jobs and strengthening economic ties. Kamal Khan appreciated the contributions of Pakistani workers within Saudi businesses like Albaik and welcomed the brand's entry into Pakistan, highlighting its potential to enhance the country's fast-food industry and consumer market. In another significant meeting, he met with Pakistani investors and business leaders in Jeddah, recognising their contributions to Saudi Arabia's economy. He acknowledged that 1.7 million Pakistanis travelled to Saudi Arabia in the past five years, making it the top destination for Pakistani emigrants. The commerce minister also highlighted the $7.4 billion in remittances sent from Saudi Arabia last fiscal year. He noted that the Pakistan Investor Forum, recently established in Jeddah, is playing a key role in guiding new market entrants.
